§ 38-13.1-04 — Filing of addresses - Fee

North Dakota § 38-13.1-04

• Jurisdiction: North Dakota
• Title 38: Mining and Gas and Oil Production
• Ch. 38-13.1: Trusts for Unlocatable Mineral Owners

Text

surface owner who succeeds to ownership of a mineral interest upon its lapse under chapter
38-18.1. A person who succeeds to ownership under chapter 38-18.1 owns the mineral interest
and the proceeds from the mineral interest from the date of succession. The trustee shall invest
funds in a prudent manner. Upon receipt, fifty percent of the moneys paid to the trustee must be
credited to the general fund of the county in which the mineral interest is located to defray the
costs of administration. Funds held in trust are subject to the laws governing abandoned
property as provided in chapter 47-30.2.
38-13.1-04. Filing of addresses - Fee.
A person claiming an interest in the mineral, leasehold, or royalty interest underlying a tract
of land that is the subject of a trust proceeding under section 38-13.1-01 may record with the
recorder of each county in which the land is located a notice containing the person's address
and a description of the person's mineral, leasehold, or royalty interest. Recording the notice
creates a rebuttable presumption that the person owns the interest claimed.